Powerful performer from CF

By DAILY MAIL REPORTER
Updated: 19:00 EST, 10 July 1998

When Derek Greenwood and Bill Day launched a utilities unit trust in 1993, it seemed an obvious idea.

A few have followed it, but none has matched the original, now called CF The Utilities Fund.

It does what it suggests, invests in shares in UK utilities. It ranks as top performer among 150 UK Growth and Income trusts over one year, second over three years, and third over five years.

In 1997, it was the second best of all UK unit trusts.

Greenwood and Day are now part of Walker, Crips, Weddle Beck in Crowborough, East Sussex.

They are sticking to their tried and tested formula, and deserve to have much more under management than £3.3m.

They do not charge front-end loading fees, so achieving a nice narrow spread between what you pay (100.17p), and what you get (98.18p).

Launched at 47 1/2p in March 1993, it has since paid net dividends totalling 17.1p.

As a solid, conservative long-term performer, it looks hard to beat.

City Financial Managers has a cheap-rate phone order desk on 0645 220044.